US Economics Weekly The US is running a trade surplus...of sorts (17-Aug-09) 18th August 2009 · 1 min read
Europe Economics Update German export recovery will be gradual June’s surge in exports brought hope that the key German external sector is on the road to recovery. Unfortunately, there are good reasons to think that the pace of improvement will slow sharply in... 12th August 2009 · 1 min read
Nordic & Swiss Economics Update Swiss industry not out of the woods July’s pick-up in the Swiss manufacturing PMI was an encouraging sign for the industrial sector, as is the Swiss National Bank’s continued intervention to prevent a renewed appreciation of the franc... 3rd August 2009 · 1 min read
Global Economics Update How quickly will world trade recover? Today’s CPB survey suggests that world trade continued to decline in May, albeit at a much slower rate. We expect a rebound in the coming months. However, the pick-up from then on is likely to be... 23rd July 2009 · 1 min read
Asia Economics Update Japan’s export rebound signals return to growth The Bank of Japan’s data on external trade, released this morning, suggest that Japanese exports rebounded by more than 12% q/q in the second quarter. This supports our long-held view that Japan will... 23rd July 2009 · 1 min read
Japan Economics Update Japan’s export rebound signals return to growth The Bank of Japan’s data on external trade, released this morning, suggest that Japanese exports rebounded by more than 12% q/q in the second quarter. This supports our long-held view that Japan will... 23rd July 2009 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank not ready to take the next step, yet Despite tentative signs of green shoots appearing, the Swedish Riksbank reduced interest rates to 0.25% and remains committed to keeping them at this rate for a prolonged period. But for now at least... 2nd July 2009 · 1 min read
Asia Economics Update Is Japan's export recovery already faltering? The renewed acceleration in the pace of decline in Japanese exports in May on a year-on-year basis has raised concerns that the fledgling recovery is already faltering. However, a closer look at the... 24th June 2009 · 1 min read
Global Economics Update What's happening to world trade? World trade may be close to stabilising after the unprecedented slump that began last September, but there are few signs yet of a meaningful recovery. We now expect merchandise trade volumes to fall... 24th June 2009 · 1 min read
Japan Economics Update Is Japan’s export recovery already faltering? The renewed acceleration in the pace of decline in Japanese exports in May on a year-on-year basis has raised concerns that the fledgling recovery is already faltering. However, a closer look at the... 24th June 2009 · 1 min read
Asia Economics Update What should we make of the surge in Chinese investment? China’s reported fixed investment soared in May. But if the economy is doing so well, why did imports post an even steeper decline? 11th June 2009 · 1 min read
China Economics Update What should we make of the surge in Chinese investment? China’s reported fixed investment soared in May. But if the economy is doing so well, why did imports post an even steeper decline? 11th June 2009 · 1 min read
Europe Economics Update Trade finance - still costly and hard to get The collapse in euro-zone exports in Q1 – and indeed in Q4 last year – was greater than would be expected from the decline in global demand. Anecdotal evidence suggests that the drying up of trade... 4th June 2009 · 1 min read
Asia Economics Update More signs that Asia's recovery is taking its time The slight fall in China’s official PMI in May is actually fairly encouraging since the index usually falls by much more at this time of year. But Asia’s recovery is only gaining ground slowly, as... 1st June 2009 · 1 min read
